Canto is a BSC project built specifically for DeFi, based on the Cosmos SDK. It utilizes Cosmos' Tendermint consensus mechanism and is compatible with the Ethereum Virtual Machine (EVM).
Canto is a BSC blockchain project based on the Cosmos SDK, dedicated to building a highly compatible platform for the DeFi sector with both EVM and Cosmos ecosystems. Unlike many emerging EVM chains, Canto pursues the utmost in decentralization, eschewing traditional investor models and relying on community-driven development. Its attributes as a blockchain are showcased through its adept utilization of Cosmos' Tendermint consensus mechanism, achieving efficient consensus and security.
Canto DAO
The token economic model of Canto Blockchain
This portion is earmarked for individuals or entities that have actively contributed to the Canto ecosystem. It serves as a recognition and incentive for those who have played a role in the project's development, growth, or promotion. Contributors may include developers, community members, and strategic partners who have dedicated their efforts to advancing Canto's goals.
The 2% allocation for airdrops is intended to distribute Canto tokens to a broader audience, potentially enhancing the project's visibility and engagement. Airdrops are a common strategy to introduce new users to the ecosystem, rewarding them for their participation or interest.
This allocation is reserved for granting funds to projects, teams, or initiatives that align with Canto's vision and objectives. Network grants can support external developments, research, or partnerships that contribute to the growth and enrichment of the Canto ecosystem.
The allocation for medium-term liquidity mining is dedicated to incentivizing liquidity providers within a specific time frame. By rewarding participants who contribute liquidity to Canto's decentralized exchanges or lending markets, the project aims to ensure healthy liquidity levels, fostering a vibrant trading environment.
The allocation for long-term liquidity mining serves a similar purpose to the medium-term allocation but on an extended timeline. This sustained incentive encourages liquidity providers to maintain their involvement over a more extended period, promoting stability and sustainability within the ecosystem.
The tokens not specifically allocated to the aforementioned categories are reserved in the community pool. This reserve ensures flexibility for future use cases, emergencies, or initiatives that may arise within the Canto community. Decisions regarding the allocation of these tokens can be made collectively by the community through governance mechanisms.
Canto is designed to be a decentralized finance (DeFi) ecosystem built on a blockchain infrastructure. It aims to provide users with a decentralized platform for various financial activities, including trading, lending, and stablecoin issuance.
Canto leverages the Cosmos Software Development Kit (SDK) and the Tendermint consensus mechanism. This architecture enables seamless customization of blockchain functionalities and enhances network security and scalability through an optimized consensus algorithm.
Canto's economic model features distinct token allocation strategies. The project allocates tokens to contributors, conducts airdrops, reserves tokens for future network grants, and focuses on liquidity mining with both mid-term and long-term incentives. The absence of governance tokens in core protocols prevents potential rent-seeking behavior.
Canto places a strong emphasis on community participation and empowerment. It prioritizes a decentralized governance structure, allowing community members to actively participate in decision-making processes. Additionally, the project offers incentives for developers through contract revenue sharing (CSR) and engages the community through hackathons and events.
